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to be. >> why california is going to take an extra hit if we go over the fiscal cliff. >>> new at 10:00, a man was critically wounded at a shooting in an east b.a.r.t. station. it happened this afternoon at the bay point station. service was interrupted for some time while police searched if station but they did not turn up a suspect. the victim only described as a male was taken to the hospital with what is being called serious injuries. >>> 1,170 people were arrested for dui statewide compared to 1,080 in 1990. in the bay area 165 people have been arrested for dui and there have been three fatal collisions. last year there were 188 arrests and no fatalities. >>> happening now, matt keller is live in fremont where a dui checkpoint is currently on the way. >> this checkpoint has been going on here on fremont boulevard for about an hour. officers are speaking to each driver and handing them a pamphlet. they say there's been nine dui arrests. they rarely make a drunk driving arrests at their dui checkpoints but they write a lot of tickets. we watched as the officer stopped a car with s
in hopes of a last minute deal to avoid the fiscal cliff. 11 news saturday morning starts right now. >> good morning and welcome to 11 news saturday morning. i'm jennifer franciotti. lisa has the weekend off. >> i'm barry sims. third time's a charm this week with the winter weather. a snowy day is on tap for us. let's get right to lou mowser to tell us all about it. >> some folks were expecting to see some snow when they woke up this morning. >> we were expecting it. >> some areas are seeing flurries right now. most are not. i think this is going to start a little bit later on them than what we anticipated. starting to show up on radar. let's show hd doppler right now. currently, the areas that you see in darker blue, that's where snow is falling. but, the whiter areas that's snow is coming down, but it's not hitting the ground. when you can see areas south of the dc area around annapolis. we're seeing a rain/snow mix that is starting to fall there. what's interesting is you see this area, this open area start to hagers town and comes down around winchester. that area is moving in h
up on fox 5 news at 6, the fiscal cliff is looming, the latest and how we could affect our national security. . >>> president obama has issued a challenge to congressional republicans. he said if they can't get a bipartisan deal, he at least expects them to vote on his proposal to stop tax increases on all but the wealthy and preserve unempyment benefits. dells have heard that house republicans may wait to make a deal until after the new year, essentially letting the taxes go up and voting to cut them. the good news, you're not likely to feel any fall off of the cliff if they get something done in the first few days of 2013. >>> and for some, the biggest objection to the fiscal cliff is the cuts to project defense spending. they warned it's bad news for national security. peter deucey explains who mean affected. >> reporter: last friday when president obama rolled out his new plan for steering us away from the fiscal cliff, there was a word he did not say and that word was sequester. the sequester would automatically cut more than $100 billion from the budget next year, half from do
the fiscal cliff. we are within 72 hours of the deadline, and tonight the new developments. in the wake of the shooting at sandy hook elementary, gun sales are on the rise. what is driving the spike? and the growing number of teachers who are looking to arm themselves. also, one man's trash becomes a child's musical treasure. you'll meet the children's orchestra that plays instruments recycled from garbage. >> i'm harris falkner. they are actually negotiating on capitol hill just as economic analysts say we are about to go over the so-called fiscal cliff, the punishing combination of higher taxes on just about every worker in america and deep spending cuts particularly to our military. top lawmakers are calling in staff members for meetings on this saturday. right now we are told senate leaders are working on a potential deal. still our journalists on the hill are being told there will be no official proposals or votes until tomorrow at the very earliest. the time line qoo -- could not be tighter. we will begin seeing lower tax rates expiring and federal aid for things like unemployment
they are trying to put together a plan to help us from all going over the fiscal cliff. we are within 72 hours of the deadline, and tonight the new developments. in the wake of the shooting at sandy hook elementary, gun sales are on the rise. what is driving the spike? and the growing number of teachers who are looking to arm themselves. also, one man's trash becomes a child's musical treasure. you'll meet the children's orchestra that plays instruments recycled from garbage. >> i'm harris falkner. they are actually negotiating on capitol hill just as economic analysts say we are about to go over the so-called fiscal cliff, the punishing combination of higher taxes on just about every worker in america and deep spending cuts particularly to our military. top lawmakers are calling in staff members for meetings on this saturday. right now we are told senate leaders are working on a potential deal. still our journalists on the hill are being told there will be no official proposals or votes until tomorrow at the very earliest. the time line qoo -- could not be tighter. we will begin seeing lower
>>> this weekend is about the battle of the countdowns, the countdown to the fiscal cliff and the countdown to kickoff at fed ex field. thank you for joining us for the news at 10. i'm maureen umeh. attention-filled weekend as lawmakers try to beat the fiscal cliff clock and the redskins host the cowboys in one of the most crucial games of the season. we'll get to those stories in a moment. first, it was not quite the winter wonderland many of us hoped for. for a few hours, many of us saw the snow make an appearance today and now that most has turned to slush, forecasters are worried that near-freezeing temperatures could make for a dangerous situation on the road. tucker barnes has more. >> reporter: could be a couple of icy spots out there late, particularly north and west and we got the snow during the day anywhere between a trace and maybe two inches, if you have to the west of the city. let's go to the maps then, again, the system new winding down. you can see the last of it. there you go. pushing up now north and east of new york city. and still some leftover snow in
she protected her twin autos the federal fiscal cliff just day as way. so, what if we fall off? ahead on 7 on your side, how to make most out of an uncertain financial future. >>s lrx how a little boy's obsession with legos has become a powerful prescription that treats >>> in the east bay an oakland mother recovering after being hit by a stray bullet attending church services on christmas eve she. was trying to protect her children from a gunfire. the woman spoke with abc 7 news today. nick joins us live. how is she doing? >> she is doing very well. i had a chance to speak with her. limited evening skplish i have very poor spanish but she's doing well and can't wait to be back with her family. >> i look back and saw a bullet coming at my son's head and i threw myself over my son. >> she spoke to me after a night at church left her seriously wounded. we were at church and people passed by shooting at the church. >> her pastor was telling a story about the birth of christ. out of nowhere he heard... >> boom. boom. boom. i say to people, stop the sermon, i said go down, fast as you can.
year's midnight hour when tax hikes and budget cuts swoop ground the fiscal cliff. the two senate leaders, harry reid and mitch mcconnell are working on a stop-gap bill. >> at some point it appears there are things that stop us from moving forward. i hope we're not there, but we're getting real close. >> i want everyone to know i'm willing to get this done but i need a dance partner. >> the legislation would prevent tax increase for roughly 98% of american workers, extend unemployment benefits set to expire for some two million people, and prevent a huge cut in payments to medicare doctors. >> we should go ahead and introduce legs that would make sure middle class taxes stay where they are and should be an up or down vote. >> a deal won't necessarily pass congress by monday night. if it doesn't, virtually everybody's income taxes will go up. the average family would pay an extra $3,462 in 2014. and farm programs would expire, potentially doubling the price of milk, and if congress doesn't pass new bill? >> we'll come back with a new congress on january 4th and the first bill on th
-called "fiscal cliff." tokyo's nikkei gained nearly 1%. hong kong's hang seng added .25%. >>> news of more budget talks sent wall street on a roller coaster ride thursday. stocks ultimately ended the session lower for a fourth consecutive day. the dow lost 18 points. the nasdaq was down 4. >>> the clock is ticking until lawmakers' monday night deadline and still no "fiscal cliff" deal is in sight. sunday the house has been called to an unusual session just in case an agreement is not reached. >>> a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board said on thursday its consumer price index fell sharply in december for the second consecutive month. >>> a potential strike by dock workers along the east coast and gulf coast threatens to cost the nation's economy billions. more than 14,000 longshoremen are ready to strike sunday. a walkout would shut ports from boston to houston. those ports move as much as 100 million tons of goods each year including everything from flat screen tvs, sneakers and snow shovels. >>> ski
:30, president obama says there needs to be immediate agents to avoid the fiscal cliff. the president held a news conference just before 6:00 this evening. he says he's optimistic an agreement can still be reached. this afternoon mr. obama said the meeting was good and constructive. >> the one thing the american people should not have to wait and see is some sort of action. if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor and i've asked senator reid to do this, put a bill on the floor that makes sure taxes on middle-class families don't go up, unemployment insurance is still available, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year, but let's not miss this deadline. that's the bare minimum we should be able to get done. >>> senate leaders say they hope to reach a compromise that could be presented to lawmakers by sunday, a little more than 24 hours before the deadline. >>> and don't miss "meet the press" on sunday morning. david gregory will interview president obam
, for the fiscal cliff and start off our new year and new congress with a proper welcome for our constituents and our colleagues. i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from minnesota rise? without objection. >> madam speaker, many years ago our friends on the conservative side of the political aisle told us that if we cut taxes for the wealthiest among us, they would get more money which they would use to invest in plant and equipment and then all the rest of us working class, middle class folks, would benefit by rich people having more money because then they would hire us and we would have a stronger economy. mr. ellison: he they put this plan into implementation in 2001 and 2003. it was by far the most anemic decade we have seen in many, many decades. . if you contrast it to the 1990's, we had a better economy. when president clinton handed president bush the reins to the government, he handed him also a surplus. the fact is the conservative experiment, based on the ideas of a guy named arthur, and others, have failed.
% next year without the fiscal cliff, that would correlate with about 2 million net new jobs next year. so it's a continuation of a steady expansion. i wish it was a little faster expansion, but nonetheless it is an expansion. if we had a fiscal cliff, and we are reversing all the gains we have seen. host: what about mortgage deduction on a second home or vacation home or a certain limit to the size of a mortgage? would you be supportive of that? guest: we have to recognize that negotiating away from what has been a striking departure from just protecting the mortgage interest deduction, property ownership. any breach to that invites further breaches. our members, even though they recognize the deck is a need to be resolved, any breach will lead to further coming back, loring the income limit. -- lowering the income limit. we have to recognize many of the second homes are in places like michigan, wisconsin, arkansas, where people are looking for a weekend fishing lodge. very not the hamptons or expensive homes in beverly hills. many homes are scattered in the midwest. host: our first c
to bring us back from the fiscal cliff? might we see him before the new year? >> oh, i think it's almost a guarantee at this point. he'll be working the phones here in hawaii and he saw senator reed today at the memorial service, but told by white house aides it's likely the president will interrupt this vacation shortly after christmas and get back to congress washington on the 27th of december. because with this looming deadline at the end of the year unlikely to stay here in hawaii and in the meantime, trying to get in family time and a little golf and is now on a hike with the first family. but there's the big budget crisis. >> harris: hopefully with down time you get to hike diamondhead, it's great. >> good to see you. >> harris: a developing story last night on fox report. that marine held behind bars in mexico for months now back on u.s. soil. you know that, he's been in a car driving home to florida from coming across the border in texas. with his dad. he's not home yet and now a health scare prompting a detour on that road home. he's hospitalized tonight, what we're learning abo
. senate leaders now holding crucial fiscal cliff talks on capitol hill rushing to come up with a last ditch agreement to avoid deep spending cuts and year end tax hikes affecting the lives of every american, i'm kelly wright. >> i'm heather childers in for jamie colby. the 11th he hour scramble after a crucial meeting on friday, between president obama and the leaders of the house and senate and urged lawmakers to urge them to do whatever it takes to cut a deal. >> i'm modestly optimistic that an agreement can be achieved. nobody is going to get 100% of what they want, but let's make sure that middle class families and the american economy and the world economy aren't adversely impacted because people can't do their jobs. >> chief congressional correspondent mike emanuel is live in washington with the latest, mike. >> heather discussions are underway and i'm told we should not expect any news or announcements before senators are briefed tomorrow afternoon. after a meeting with the president late friday, the senate majority leader sounded cautiously optimistic. >> we have one meeting i
of fox news sunday, big lineup. two high ranking senators and plus his analysis of the fiscal cliff crisis. >> juliet: no good deed goes unpunished. these guys tried to save one guy who fell through the ice and then that guy and then the next, the next. it was kind after nightmare. >> clayton: polar plunge. >> juliet: yeah. ♪ and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. have a healthier holiday at that's the sound of car insurance compani these days. here a cheap, there a cheap, everywhere a cheap... you get it. so, what if instead of just a cheap choice, you could make a smart choice? like, esurance for example. they were born online and built to save people money from the beginning. it's what they've always done. not just something they cheap about. that's insurance for the modern world. esurance. now backed by allstat
-called fiscal cliff. i'm craig melvin and you are watching msnbc, with all the focus on the fiscal cliff, will there be action on gun control. meanwhile, we are going to talk to an attorney general that wants to arm teachers to protect students. and the race to fill john kerry's senate seat. first, fiscal cliff talks. countdown clock tot screen. the senate is shouldering most of the weight of that deadline. senate leaders working behind closed doors to come up with a cliff compromise, something that the house and the president has failed to do so is far. the president has tasked senator majority leader harry reed. >> i have asked senator reed to do it, put a by on the floor to make sure that taxes on middle class families do not go up. and unemployment insurance is still available for two million people and lays the groundwork for economic growth and deficit reduction. >> everything that has been happening in the last several hours has been happening behind the scenes. we have correspondents tracking everything for you. we have luke, luke, i will start with you this hour. the senate offi
watching the fiscal cliff finale along with the rest of us. cnbc's mary thompson is live at the new york stock exchange with what's moving your money. tough week for stocks last week, mary. what are investors looking for today? >> it looks like a slightly more optimistic tone in the markets this morning, chris. the major averages higher across the board as the number of headlines suggest that progress is being made on perhaps a band-aid or smaller deal to avoid the fiscal cliff. that is giving investors some hope today after what you mentioned was a very difficult week last week. we had five straight sessions of losses for the major indices. as basically the realization started to grow we aren't going to reach any kind of grand bargain. i think if you looked back about two months ago investors were more optimistic this would indeed happen. again as we moved toward that deadline right now investors are hoping at least for a small deal. so that is why we're seeing some strength in the markets today. interesting to note, though, i know you were talking about sequestration with your earlier
fiscal cliff. here is "the new york times" frontpage. the headline -- that is "the new york times" reporting. inside the paper, they say democratic leaders say they will move forward on legislation this week only a senator mitch mcconnell of kentucky, the republican leader, will assure them it will not be filibustered -- investors anticipate a turbulent week in the market of congress and the white house continued the standout. i also note that mr. mcconnell's own reelection bid is coming in 2014. the borrower review of the nothing to shift the anger of some self assessment of the speaker does nothing to pass it does go to the floor. the bill is not moving along, says bob corker from tennessee. here is what the republican from idaho had to say about the fiscal cliff negotiation. [video clip] >> if we get down to the end of the year and the only choice we have is to save taxes going up on the middle-class, i would support that. but i wish we had a comprehensive bill that dealt with spending, entitlement, and taxes altogether. that is really what we ought to do. host: that was senato
of the effects, if we do go off the fiscal cliff, if congress takes no action. this is the chart from the new york times of what will happen immediately and in the next couple months. in terms of the immediate tax increases, the payroll tax rise of 62% from four 0.2% and workers first $113,000 of income. capital gains, qualified dividend's, and estate and gift taxes are subject to higher taxes. higher earners face new taxes under the health care law. within the next couple glock -- a couple of months, the bush era tax cuts that have been debated over -- the bush-era tax cuts on income expire december 31, workers will not fill the impact until the treasury releases new withholding instructions. alternative minimum tax -- the charred talks about spending cuts, immediate and in the future. and it refers, payments to medicare providers would fall by 27% if there is no action. extended unemployment benefits expire for about 2 million people on january 1. to be the $110 billion in automatic domestic and military spending cuts known as the sequester. in the next couple months, the march 27, a six mo
friends on new year's eve. right now you talk about the fiscal cliff and also hitting this potential debt ceiling limit as well. $16.4 trillion we could arrive at on new year's eve. >> juliet: yeah. let's hear what congressman tray goudie had to say about this. he was on greta the other night. >> i assure you that there will be a resolution either before the new year or shortly after the new year. that's the good news, that there will be a deal. the bad news for you and your viewers is that there won't o'clock a solution. it will be a panacea or some magical alickser, make us all feel a little better. but shortly after the new year, we're also going to get a letter from timothy geithner asking us to raise the debt ceiling for the 80th time in our country's history. so there will be a quote, move to avert the fiscal cliff. your viewers should demand more than a deal. they should demand a solution. >> juliet: kimberly guilfoyle had that. >> kelly: here is a problem with all that, and i hope the congressman is right, because you want to have a sense of optimism. the president talked about be
of the popcorn. >>> first, new details on the last-ditch effort to avoid the fiscal cliff. the president is meeting with top lawmakers today at the white house. >> underscoring that urgency, house speaker john boehner says the house will meet in a rare sunday session. abc's bradley has the story from washington. >> reporter: it may already be too late. days before the fiscal cliff, and with the house of representatives out of town until sunday, senate majority leader harry reid admitted a deal seems unlikely. >> i have to be very honest, mr. president, i don't know time wise how it can happen now. >> reporter: in a scathing attack, reid called house speaker john boehner a dictator, and blamed him for letting members stay home with no deal in sight. >> we are here in washington, working. while the members of the house of representatives are out watching movies and watching their kids play soccer and basketball. john boehner seems to care more about keeping his speakership. than about keeping the nation on firm financial footing. >> reporter: the republican leader responded saying it's dem
, the impacts on your wallet as washington lawmakers can't avoid the fiscal cliff. first, these messages. new years clutter is no match for someone with big ideas. with a new project in mind, some how-to knowledge to give us an edge, and more savings down every aisle. it only takes a few twists and turns for those bright ideas to make the new year even brighter. more saving. more doing. that's the power of the home depot. start fresh and save with hdx 20 gallon totes, a special buy at just $5.88 a piece. ♪(music playing) ♪(music playing) ♪(music playing) ♪(music playing) ♪(music playing) faster than mandy can hang up on mr. monday. you hang up first. [ female announcer ] in just 60 seconds, you've got snack-defying, satisfying totino's pizza rolls. [ ringing ] it's on. let's roll. ♪ ♪ ♪ ♪ [ female announcer ] nothing gets you going quite like the power of quaker oats. today is going to be epic. quaker up. >>> time right now is 7:56. good morning, everyone. i'm richard jordan. we are tracking winter weather moving into the region. crews are fanned out across the area this mor
.6%. but with this year's cliffhanger over the fiscal cliff, many doubt wall street will see the jolly fat man before the new year. watch nbr at 6:30 here on 13.
memberssreturn to worr sunday... just one day before the fiscal cliff & aide to house pajority leader eric antor session through wednesday. the new 113th congress convenes at next thursday, january third. if congrrss doess't reach a fiscaa deal before monday's deadline... automatic tax increases and steep spending rescue me nattct. nats the singer behind the hit "rescue me".. has died. &pfontella bass ied wednesday of a heart attack.bass was honored with a star on the wall f fame in her hometown of saint louis in 2000.she was 72 years old. britney pears is getting the poot from the "x faator."ann inssier tells "us magazine".... the singer didn't show enough energy... and wasn't wooth her 15-million- dollar contract.that same source says that judge simon cowell felt he got he "boring""britney... and wanted the "crazy"" ord yet rom spears' people. stiil to come.. ravees playoff ickets go on sale in just a atter of ours. the only place you can go.. to buy them. them.aad next... ring in the new year... at the inner harbor.whht you need to know before you head out to ce
of superstorm sandy. investors are still concerned about the looming fiscal cliff. >>> blizzard warning in up to six states. in arkansas the national guard has been called to provide ambulance service for residents. heavy snow and strong winds will lead to whiteout conditions across the ohio river valley. the heaviest snow is expected to move into western pennsylvania and new york state this afternoon. >>> hundreds of american families wanting to adopt russian children may have their dreams dashed. they have given final approval for a ban on such adoptions, seen as payback for a recently signed u.s. law imposing travel and financial restrictions on human rights abusers in russia. >>> there are six days left until the u.s. crosses over the so-called fiscal cliff. in case washington doesn't make a deal we're doing our best to get you ready. every day we're taking a look at how the fiscal cliff if we go off the fiscal cliff how that will affect you from the increase in your tax bill to planning for your retirement. today we'll focus on your portfolio. ryan mack joins me via skype from detroit. >
a quarter of what was expected. superstorm sandy - along with the looming fiscal cliff are being partially blamed for the decline. >> vicki: if you got a new gadget this year that will replace an old one you may be wondering what to do with that old phone or tablet. recycle it or sell it kron 4's tech reporter gabe slate shows you how to get top dollar for your used gadgets or how to properly and safely help the environment by recycling your old device. >> the quicker you or sell your old, used a device the more money will get for it. new products are constantly being released and your used devices will not last long. every month you wait the less valuable if is. tiepin what you are selling and they will keep you a price range. there are a ton of catches out there, but it can be intimidating online. however, there are three that i would recommend they are legitimate. you can occurred just as much as it selling it privately. cash for cell phones and and gazelle .com and they will tell you with a free shipping label to print out and mail in your to become. they wi
gretchen. last call in hopes of rescuing off of the fiscal cliff. all that is getting debated is who is at fault and what is the president's plan. according to the white house there is no new proposal. >> and is russia vladimir putin playing with children's lives . what he just did. >>> and the newspapers that published the names of licensed gun owners. fox and friends starts right now. ♪ >> julia: hello, everybody. >> three days left. three days left before we go head first over the fiscal cliff. >> julia: before we talk about the fiscal cliff. you did cavuto. you did o'rielly or i mean not o'rielly. the five. today you have this show and then cavuto and then on the five. >> you will be on the five. >> julia: and then other things. >> it is one of those days. iclele ladies and gentlemen, eric bowling -- boling is the mara thon man. >> it is good to be here. >> julia: yes, it is good to be here. >> kelly: thank you for joining us this morning. >> julia: the headlines and fox news alert it appears russian president vladimir putin is trying to make a political point at the expense of
a quarter of what was expected. superstorm sandy -- along with the looming fiscal cliff are being partially blamed for the decline. here in the bay area. malls were bustling again today. this time with shoppers looking to *return gifts. new at eight. kron-4's scott rates shows us the post- chirstmas shopping scene in daly city. >> it has been one return after another at this disney store. >> this pesky white elephant? >> i did not like the smell >> they were packed. >> this is $9.99 a press normally 20. >> this is from the lion king. and his entire bedroom is the lion king. >> according to the advisory electronics and jewelry increased by 0.7 percent compared to last year. it is the worst sales performance since 2008. but it does not seem like it. >> it has been incredibly busy and it feels like i am in and and farm. >> people are feeling the crowds. a spokesperson a sign that you can expect these crops for the rest of the year. in daly city, scott rates, kron 4. >> the country is inching closer to falling off the so-called "fiscal cliff" -- a series of tax hikes and spending cuts set to ta
complaints. >> my gut feeling is nothing would be better than going over the fiscal cliff. it will hurt but five, ten years down the nothing, we'll be better and healthier. we just got news that president obama was going to meet or a phone call meet with some business leaders. >> right. the white house calling c.e.o.s, a regularly scheduled meeting. presumably it's a regular scheduled meeting not to say we're going over the fiscal cliff. >> the president won't be doing this but the white house will be. >> that's right. it will be interesting to see if we get response out of this. people in the meeting with the president could come to the microphones. so could c.e.o.s. >> we wanted to let you viewers know we're going to monitor the white house. we have two cameras focused on the white house waiting for the leaders to leave and specifically see if they approach a microphone and camera and let us know what's going on. we'll take that if we get that. thank you, gerri willis. >> you know how he protected other nation's border but wait until you hear how sheriff aarpaio wants to protect our s
from both parties to the white house today as a last ditch effort to avoid the fiscal cliff. he cut short his hawaii vacation to return to washington and coming up, signs that president obama maybe reaching out to another republican leader after his negotiations with house speaker john boehner did not result in a deal. >> well, traffic don't in downtown san francisco could grind to a halt. that's because today is the last scheduled critical mass event for the year. for those new to the area, on the last friday of every month, dozens of cyclists ride alightning the waterfront and down market street and drivers are always advised to expect delays. >> peeking of, we haven't really seen any this morning. let's go to tara and see if that changed. >> no, the same story. maybe a lot of folks headed up to the tahoe area. maybe they already left as a matter of fact because the skiing is going to be pretty good up there. right now i want to show you my maps so you can see exactly what i'm talking about up here. the roadways are completely clear and in livermore the same story. overall a very
package ordeal together before the new year. in order to avoid some of the tax hurts of the fiscal cliff and unemployment. reporter: while there are discussions about a final fiscal cliff deal, there is finger-pointing going on. the blame game, if you will, if everything falls apart and the u.s. economy goes over the fiscal cliff. harris: i have to tell you that wall street is starting to react for a fifth day of losses on wall street. stocks are reacting, it is the final friday before the fiscal cliff. the dow is a 55-point drop, but it has been lower at that. it is still early in the trading day yet. the forecast for today is not looking good. a fifth day of concern there among investors on wall street. jon: flirting with out 13,000 barrier. part of the looming fiscal cliff includes a castilian dollars in custom military spending. it is called sequestration. many military experts are concerned about the impact of sudden spending cuts and how it could impact national security. molly henneberg has more on that this morning live from washington. reporter: the cost will be big. the cuts wi
the hour for immediate action is here" to avoid the fiscal cliff. if there's no deal by midnight december 31st. there will be automatic tax increases and spending cuts. we'll have more from our political analyst in a minute - but first. kron 4's justine waldman is back with more on our developing story. >> reporter: after meeting with bi-partisan leaders friday, the president said no one will get 100-percent of what they want. he said if congress can't reach a deal. congress should allow a vote on a basic package that would preserve tax cuts for middle-class americans, >> i am optimistic that we can still pass a deal in both houses in time, mitch mcconnell, and harry reid are working on an agreement as we speak >> i have my confidence destroyed on other occasions and so i hope it is not on this occasion the timing, we have to do it now that is what the next 24 hours will be very important. >> we had a good meeting in the white house we are engaged in discussions with the majority, the leader and myself in hopes that we can come forward as early as sunday and have a recommendation that i c
the fiscal cliff. senator bob corker also spoke to reporters. >> good morning. i am lamar alexander. this is my colleague bob corker. merry christmas to you three points to make and then i would like to introduce cementer corker. here is the first point. when the dust settles and everything is said and done, federal individual income taxes are not going to go up on almost all americans next year. that needs to be settled this weekend by the votes and after the first of the year, so that's the most important point for americans to know. for almost all americans when the dust settles taxes, individual income taxes won't be going up next year. all the talk is about taxes but what we should talk about today is the medicare fiscal clef, the looming bankruptcy in the program that seniors depend upon to pay the medical bills for the millions of americans who are counting the days until they are eligible for medicare so they can afford the medicare bill, it would be a tragedy if when they get to that day there isn't enough money to pay the bills but according to the medicare trustees that d
. >> leaders on capitol hill said they are close to reaching a deal on the fiscal cliff but have failed to bring a measure to a vote. the houses by tomorrow at noon. vice-president joe biden was meeting with democrats tonight. we will hear from president we will hear from president obama about
Search Results 0 to 36 of about 37 (some duplicates have been removed)